HDI Global Specialty strengthens Australian Professional Lines offering

HDI Global Specialty SE has grown their dedicated Professional Lines team in Australia with two senior underwriting hires. They have also launched a new PI Primary Policy Wording in support of their plan to further enhance their existing product offering and capabilities in the region.

Hannover, 05. October 2021

Joining HDI Global Specialty’s professional indemnity (PI) Team in Australia are Alexandra Fox-Slater, who joins as senior underwriter from Chubb, and senior underwriter Luke Southwell from Zurich. The team, which is led by Justin Klietz, brings together more than 35 years’ combined Professional Lines insurance experience, strongly positioning HDI Global Specialty to meet the PI insurance needs of local brokers and their clients.

HDI Global Specialty’s Head of Professional Lines, Justin Klietz said:

“Alexandra and Luke bring significant PI underwriting experience and commercial acumen to the business and I am delighted to have them on the team. They have a strong track record of success and our brokers and their clients will benefit from their customer-oriented approach.”

HDI Global Specialty - Head of Branch, Mark Fleiser said:

“We now have in place an experienced team who will be tasked with driving the further development of our PI portfolio in what is a dynamic market environment. We see this development as just one of a number of strategic initiatives supporting our ambition to broaden our product and service offering in the market.”

About HDI Global Specialty

HDI Global Specialty SE is a specialty lines insurer. It is a joint venture of Hannover Re and HDI Global SE, both strong and established players in the insurance and reinsurance market, which are part of the Talanx Group. HDI Global Specialty’s focus is on writing agency and specialty insurance business with operations in 9 locations and access to a global network of more than 150 countries through the HDI Global SE network. HDI Global Specialty also enjoys the same financial strength as HDI Global SE.


About HDI Global SE (HDI)

As an industrial lines insurer, HDI Global SE (HDI) meets the needs of SMEs, industrial companies and corporate customers with insurance solutions that are specifically tailored to their requirements. In addition to HDI's prominent position in the German and broader European market, the company also has operations in more than 150 countries through foreign branch offices, subsidiary and peer companies, and network partners. The company is thus able to offer its customers local policies for their global operations, which ensure that the established service and insurance protection is extended for all covered risks worldwide.

HDI Global SE is a company in the Industrial Lines Division of the Talanx Group. Approximately 3.700 employees in this division generated gross written premiums of approx. EUR 6.7 billion in the year 2020.

The rating agency Standard & Poor’s has given the Talanx Primary Group a financial strength rating of A+/stable (strong). Talanx AG is listed on the Frankfurt Stock Exchange in the SDAX.

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About Hannover Re

Hannover Re, with gross premium of more than EUR 22 billion in 2019, is the third-largest reinsurer in the world. It transacts all lines of property & casualty and life & health reinsurance and is present on all continents with around 3,300 staff. Established in 1966, the Hannover Re Group today has a network of more than 140 subsidiaries, branches, and representative offices worldwide. The Group's German business is written by the subsidiary E+S Rück. The rating agencies most relevant to the insurance industry have awarded both Hannover Re and E+S Rück outstanding financial strength ratings: Standard & Poor's AA-"Very Strong" and A.M. Best A+ "Superior".



This news release may include forward-looking statements which are based on certain assumptions, expectations, and opinions of the management of Talanx AG and/or HDI Global Specialty SE. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s and/or HDI Global Specialty SE’s control, affect our business activities, business strategy, results, performance, and achievements. Should one or more of these factors or risks or uncertainties materialize, actual results, performance, or achievements of Talanx AG and/or HDI Global Specialty SE may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG and HDI Global Specialty SE do not guarantee that the assumptions under-lying such forward-looking statements are free from errors nor do Talanx AG and/or HDI Global Specialty SE accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG and HDI Global Specialty SE neither intend, nor assume any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.